FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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I. Direction: Analyze the following transactions. Determine if the movement of cash is INFLOW or
OUTFLOW. Write your answer on the second column. Determine if the cash activity is OPERATING<
INVESTING Or FINANCING. Write your answer on the third column. If the transaction is non-cash,
write NONCASH on both columns.
Transaction
Movement of cash
Cash activity
1. collection from customers
2. payment of interest to lenders made by
financial institutions
3. issuance of shares of stocks
4. proceed from loan from Metrobank
5. depreciation of equipment
6. sale of merchandise
7. sale of obsolete machineries
8. payment of salaries of employees.
9. payment of taxes
10. payment of dividends
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Transcribed Image Text:I. Direction: Analyze the following transactions. Determine if the movement of cash is INFLOW or OUTFLOW. Write your answer on the second column. Determine if the cash activity is OPERATING< INVESTING Or FINANCING. Write your answer on the third column. If the transaction is non-cash, write NONCASH on both columns. Transaction Movement of cash Cash activity 1. collection from customers 2. payment of interest to lenders made by financial institutions 3. issuance of shares of stocks 4. proceed from loan from Metrobank 5. depreciation of equipment 6. sale of merchandise 7. sale of obsolete machineries 8. payment of salaries of employees. 9. payment of taxes 10. payment of dividends
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